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Author Question: Whenever a firm can charge a price greater than marginal cost A) the firm must be a monopolist. ... (Read 44 times)

Sportsfan2111

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Whenever a firm can charge a price greater than marginal cost
 
  A) the firm must be a monopolist.
  B) consumers have the ability to choose a close substitute.
  C) there is some loss of economic efficiency.
  D) the firm will earn economic profits.

Question 2

One goal a firm tries to achieve when it advertises a product is to
 
  A) make the demand curve for the product more elastic.
  B) make the demand curve for the product unitary elastic.
  C) make the demand curve for the product more inelastic.
  D) shift the demand curve for the product to the left.


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blfontai

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Sportsfan2111

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Reply 2 on: Jun 29, 2018
Excellent


cici

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Reply 3 on: Yesterday
Wow, this really help

 

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